Arizona ObamaCare co-op bites the dust

In a last-minute move, Arizona and federal regulators have shut down a co-op from selling plans to Obamacare customers.

That brings the number of taxpayer-funded Obamacare insurance startups to close down to 11, with open enrollment starting on Nov. 1.

State regulators have suspended the company that operates as Meritus Health Partners and Meritus Health Mutual Partners to ability to sell or renew plans to Obamacare customers for 2016. The federal government kicked the co-op out from offering plans on the Obamacare marketplaces.

The Arizona Department of Insurance had issued an order of supervision against the company, requiring that the insurer no longer offer plans after the end of the year.

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